• Galiano cuts 2025 gold forecast after incident at Ghana mine

• Output now seen at 120K-125K oz, down from up to 150K

• Q3 sales rise 60.5% year-on-year despite temporary site suspension
  

Galiano Gold has lowered its full-year 2025 gold production forecast for the Asanko Gold Mine in Ghana, citing an operational incident that occurred in September.

The Canadian company now expects output between 120,000 and 125,000 ounces of gold, down from its initial guidance of 130,000 to 150,000 ounces. The revision was announced in Galiano's third-quarter results, released on Thursday, Nov. 6.

The reduced forecast stems from a confrontation between local community members and military personnel near one of the mine's main deposits, which forced Galiano to temporarily suspend operations at that site.

CEO Matt Badylak stated that Galiano's decision resulted in a drop in the grade of ore delivered to the processing plant for a longer duration than originally anticipated.

Despite the operational setback, the Asanko mine delivered 32,533 ounces of gold between July and September 2025, an increase over each of the two preceding quarters.

The company also sold significantly more gold in the third quarter, generating $114 million in revenue, a 60.5% increase year-over-year. For the first nine months of the year, total gold production stands at 83,617 ounces, with revenues reaching $288 million, up 73% from the same period in 2024.

Emiliano Tossou